This, with the addition of a second commission AND the potential of a passive downline, is what made me get excited about this product to begin with. 

I did explain to them their options they had (such as sell it on the market, keep it and file BK, get a loan mod, and credit counselors out there who could potentially assist).

Cash offers lower costs and control but limits diversification and potential returns while financing allows you to scale faster with more properties, but increases complexity and risk.

@Joseph Hammel,With Solo 401k there are two way to contribute: elective deferrals (which is $20,500 for this year) + profit sharing of potentially another $40K, but it is not a match but rather based on the percentage of your net SE income.

Hi Ly Ma,I have lived in Reno for over 20 years and have seen many changes over the years here and with all of the industry like TESLA moving in here hopefully some good real estate potential.

While I'm still recovering from my injuries and learning to walk again, I refuse to let these obstacles hold me back.One area where I see potential is in real estate.

So, if you're discussing business matters with your property manager or realtor during a meal, those expenses could potentially be deductible.Be mindful of distinguishing between personal and business expenses.

It can be better to often estimate repairs or replacements on the high end and get a credit so you can choose materials and quality used and potentially pocket any unused difference.   

Preferably multi family but if there's a good fixer upper single with a lot of potential I'd look at that too.

You might also meet someone that could be a potential business partner.